14th April 2016

Scottish Friendly Reacts to Interest rate Announcement

Following today’s announcement that the Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain Bank rate at 0.5%, Calum Bennie, savings expert at Scottish Friendly said, “the days of the Bank of England threatening an imminent rise in interest rates seem to be fading into the distance

Article Image Circle Circle

Scottish Friendly Reacts to Interest rate Announcement

Bennie added:

“Continued global economic uncertainty means this long period of record low interest rates is going to get even longer which is grim news for cash savers. While macro-economic decisions may be out of our control, creating a diversified savings portfolio is an option, savers can take to regain control their financial future.

“Stocks and shares ISAs offer the opportunity to grow money over the long-term, and although risk is attached, savers need to have these products on their radar in order to be able to gain from the returns they can offer.”

Categories: Articles

Other Articles You Might Like

Wealth & Finance International is part of AI Global Media

Discover our 10+ brands covering different sectors
APAC InsiderBUILD MagazineCorporate VisionEU Business NewsGHP NewsAcquisition InternationalNew World ReportMEA MarketsCEO MonthlySME NewsLUXlife MagazineInnovation in BusinessThe Business Concept